TRAI seeks views on spectrum Auction!
News Item: https://www.business-standard.com/article/economy-policy/trai-begins-consultation-on-5g-auction-seeks-views-on-private-networks-121113001480_1.html The next round of auctions! The next spectrum! Is auction the best way to give out resources owned by the people of this country for individual gain? Let us take a look at what an auction is and how this would hurt the common man. 3G was auctioned. Please see the table above. Government made nearly 51,000 crores every year out of spectrum licensing alone. Please note government just hands it over to people to work with it. Government per se does not do any job. Just to register who is going to use, how much of spectrum, the government gets paid 51,000 crores. Essentially somebody is getting paid monstrous sums for doing nothing. Of course, this amount goes into the common pool and therefore, should reduce taxes on us. Does it? With the new telecom policy, almost everyone of us carry one to two phones and we all pay GST. Result